Firstfund Reports 2016 Third Quarter Results

Trading Symbol: FFP

VANCOUVER, Nov. 29, 2016 /CNW/ - The financial results of Consolidated Firstfund Capital Corp. for the three months ended September 30, 2016 show a net income of $19,342 or $0.00 per share (2015 - $33,822 or $0.00 per share) on revenues of $80,510 (2015 - $84,025).  The Company's fee income decreased to $79,806 for the three months ended September 30, 2016 (2015 - $80,062).  The Company's expenses increased to $61,168 for the three months ended September 30, 2016 (2015 - $48,684).  The Company's results in the third quarter of 2016 were impacted by the Company recording a foreign currency exchange gain of $1,003 (2015 - $12,838) primarily on the Company's accounts receivable denominated in US dollars due to a strengthening of the US dollar against the Canadian currency.

The Company's condensed consolidated interim financial statements and management's discussion and analysis for the nine months ended September 30, 2016 and 2015 are available on SEDAR at www.sedar.com.

On behalf of the Board of                                          

CONSOLIDATED FIRSTFUND CAPITAL CORP.

"W. Douglas Grant" (signed)
______________________________
W. Douglas Grant, President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Consolidated Firstfund Capital Corp.

please contact: W. Douglas Grant, President & CEO at [phone] or [email protected]